Sun Hung Kai Properties, Ltd. (HKG: 0016)

0016 Technical Analysis

1.5

As on
9th Dec 2016 0016 Share Price closed @
105.20 and we RECOMMENDBuy
for LONG-TERM with Stoploss of
99.61 &
Sell for SHORT-TERM with Stoploss of
109.73
we also expect STOCK to react on Following IMPORTANT LEVELS.

Sun Hung Kai Properties Limited invests, develops, sells, and rents real estate properties in Hong Kong, Mainland China, and internationally. The companys property portfolio includes residential, office, and industrial properties; and shopping centers and hotels. As of June 30, 2013, its land bank comprised 46.6 million square feet of gross floor area, including 28.6 million square feet of completed investment properties and 18 million square feet of properties under development, as well as 27 million square feet of farmland in Hong Kong; and 81.1 million square feet of gross floor area comprising 71.6 million square feet of properties under development and 9.5 million square feet of completed properties for rent in Mainland China. The company also owns hotels. In addition, it provides property and facility management, cleaning, and apartment management services; data centre facilities management, Web application, and installation and maintenance services; general insurance products; and general management and agency, mortgage and other loan financing, architectural and engineering, fire prevention and mechanical engineering, building construction, plant and machine hire, air freight forwarding and air cargo, and secretarial services. Further, the company operates department stores and observation decks; manages clubs; and builds and operates expressways. Additionally, it offers wireless communications services, including voice, multimedia, and broadband services; broadband connectivity, communal aerial broadcast distribution/satellite master antenna television, and surveillance systems; and container handling and storage, container freight station, and other port-related services. The company also manages 100,000 parking bays and 40 kilometers of road, as well as various transport facilities for the private and public sectors. Sun Hung Kai Properties Limited was incorporated in 1972 and is based in Wanchai, Hong Kong.

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